SunSirs: On November 9, the Domestic DBP Market Was Temporarily Stable
November 10 2022 13:21:23 SunSirs (John)
Price trend
On November 9, the DBP market in Jiangsu was temporarily stable, with a quotation of 9,550 RMB/ton. The DBP market in Shandong was temporarily stable, offering 9,500 RMB/ton, while the DBP market in Zhejiang was temporarily stable, offering 9,800 RMB/ton.
Analysis review
On November 9, the prices of DBP raw materials n-butanol, PA, 2-EH fell in shock. The cost of DBP raw materials decreased. PVC price was adjusted by shock, downstream demand was stable, DBP equipment started stably, DBP supply was stable, and the inventory of DBP factory was average. Downstream customers' purchasing enthusiasm was improved. The transaction price was subject to the negotiated price. The overall DBP price was 9,500-9,800 RMB/ton, and the DBP price was temporarily stable.
Market outlook
The future DBP market is under great downward pressure, and the upward momentum remains. The future DBP market tends to be stable.
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